Coupang, Inc. (NYSE:CPNG) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in Coupang, Inc. (NYSE:CPNG) by 76.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294,098 shares of the company’s stock after acquiring an additional 559,945 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Coupang worth $27,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC grew its holdings in shares of Coupang by 2,250.9% in the first quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock valued at $799,242,000 after purchasing an additional 43,015,433 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Coupang by 15.9% in the first quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock worth $2,999,412,000 after acquiring an additional 23,076,870 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Coupang by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after acquiring an additional 18,894,909 shares during the period. Norges Bank acquired a new stake in shares of Coupang in the fourth quarter valued at $250,714,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Coupang by 55.5% in the second quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock valued at $94,799,000 after purchasing an additional 1,615,448 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CPNG. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Morgan Stanley upped their target price on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the sale, the director now directly owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the sale, the insider now owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 601,300 shares of company stock valued at $13,604,354 and sold 410,432 shares valued at $9,429,597. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

Shares of NYSE CPNG opened at $24.18 on Thursday. The stock’s 50-day simple moving average is $21.98 and its 200-day simple moving average is $21.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. The firm has a market capitalization of $43.23 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 171.76 and a beta of 1.10. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $24.66.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts forecast that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.